Chicago Tribune from Chicago, Illinois • 42

4 Section 3 Chicago Tribune, Thursday, June 28, 1990 Tomorrow's phones will truly wear designer tag would mean that people could carry telephones with them andf use them anywhere in the world, for signing onto computers orl sending information anywhere else, with billing for services handled in whatever way the custom-vj er prefers, Notebaert predicted. The technology to deliver such-1-services is available or soon will be, he said. The main barriers to delivering new services in the 1990s will be regulatory and poli- cy challenges, not technological problems, Notebaert said. Most local telephone companies are seeking deregulation by phone networks will be so technologically advanced that telephone numbers will be assigned to individuals rather than to equipment in fixed geographic locations. As a hypothetical example of one new service, Joel Engel of Ameritech Services cited a "babysitter" feature that might allow customers to program their phones when they leave home, with a baby-sitter in charge.

Such a service might prevent the sitter from making outgoing calls to anyone except emergency services, the sitter's mother and the place where the family is The backbone of this more intelligent phone network is a new technology called Signaling System 7, or SS7, which uses an ul-trafast bypass channel outside the main circuitry that carries voice or data communications to set up the electronic pathway necessary to complete a call. Besides making the telephone network faster, SS7 also provides additional information about each call that makes possible such services as the controversial Caller ID function, which discloses the origin, by phone number, of a call. The idea of phone numbers assigned to people instead of houses 91 "vX I A fIl LAKE SHORE (312) Business briefs Great Lakes Chemical eyes headquarters move Great Lakes Chemical a specialty chemical maker based in West Lafayette, is on the lookout (or more space for its corporate headquarters staff, and is considering a move to Indianapolis, or possibly the Chicago area. However, a spokesman said the company may seek to expand on its 75-acre headquarters site in West Lafayette, about 60 miles north of Indianapolis. The spokesman for the company, which made more than half of its $847 million in sales from overseas operations last year, said its growing international business has created some interest among members of its board of directors to move the corporate offices closer to a major airport but discussions about a move are only in the preliminary stages.

G-R-I shows rebound in second quarter G-R-I Corp. reported net income of about $2.47 million, or $1.10 a share, on in its second quarter ended May 31, in contrast to a net loss of $111,000, or 5 cents a share, in the year-earlier period. Sales dropped to $15.5 million from about $20 million. For the fiscal first half, the Chicago-based mail order company had net income of $581,000, or 26 cents a share, in contrast to a loss of $4.88 million, or $2.17 a share, a year earlier. Six-month sales fell to $26 million from $34 million.

G-R-I noted that first-half 1989 results reflect nearly a full year of advertising for World of Beauty and a onetime charge of $890,000 for cutbacks. Telesphere: On schedule By Jon Van Tomorrow's telephone services will proliferate and change almost as quickly as fashions, executives of Ameritech Corp. suggested Wednesday at an analysts' meeting in Chicago. Technology advances that will make the telephone network smarter and more sophisticated will mean new phone services can be offered almost as quickly as marketers can think of them. In fact, the day is quickly approaching, said Richard C.

Notebaert, president of Indiana Bell Telephone when tele Continued from page 1 terns are sold, he said. new Universal Card, the credit card that was introduced in March, also has been a drag on earnings, but only because demand has been twice the expected level, resulting in higher expenses. Analysts have predicted that the new credit card will be a money-loser for in its first years of operation but will add handsomely to the company's bottom line by the mid-1990s. Grubman said he's willing to bet the credit card business could be second most profitable business, behind long distance, about three years from now. One area where is suffering no difficulty is in its core business of long-distance telephone service.

said its long-distance business continues to grow strongly, with volume growth this quarter expected to match the 7 percent level attained in the first quarter. "Our overall financial position is solid, and earnings are on target in our long-distance businesses, which continue to grow and remain very competitive," Morris Tanenbaum, vice chairman and chief financial officer, said in a statement. ANNUAL T-. Tr-rr -r-w UN i fiKfiST DAY CD lM-l-l NATIONAL BANK ,1 A 787-1900 ja 605 N. Michigan 875 N.

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Telerate Systems Incorporated and Kyodo News Service announce the launch of the Japanese Language Service (JLS) in Chicago JLS is a 24-hour, real-time global news service provided by Kyodo News Service, a leading news agency based in Tokyo. The service features: Worldwide financial, economic and corporate news; Comprehensive coverage of U.S. and Japanese governmental affairs; Exclusive translations of Associated PressDow Jones News reports. For additional information, please contact: Bill Cassato, District Sales Manager, at (312) 214-7900 3 corporate leases boost Mart Bell training facilities to occupy 142,000 square feet UP1 photo Morris Tanenbaum, vice chairman and chief financial officer of If an event like Wednesday morning's announcement has a silver lining, it's that the expected earnings shortfall has nothing to do with the company's long-distance business, Grubman said. Morgan Stanley's Kelly noted that relative diversity beyond the lucrative long-distance market has dogged its profit picture for some time.

has always been a hy third and fourth floors of the Apparel Center, will house administrative offices and 70 classrooms that the telephone company will use for training its 10,000 employees within the state. Reconstruction of the space, currently used for showrooms, is to begin in July, Kelley noted. Bob Gillespie, a broker with Coldwell Banker Commercial Real Estate Services, who along with Coldwell Banker's John Dempsey represented the Mart Center in the leasing negotiations with Illinois Bell, said the 1 5-year lease taken by the telephone company has a value in excess of $40 million. He said Bell decided on relocating its current training facilities to the Mart because of its central location and its close proximity to transporation and hotel facilities. Moreover, Bell expects to reduce the cost of operating its training facilities by consolidating them in Our Newest spending the evening.

Incoming calls from the sitter's mother and from the family employing her might also be allowed, but all other calls, such as those from friends, would be blocked. In the near future, a telephone network could be programmed to provide such -a service from one central office, said Robert Barnett, president of the Ameritech Bell Group, which includes telephone companies in Illinois, Indiana, Michigan, Ohio and Wisconsin. "The intelligent network will let us put new products like the baby-sitter service into the system overnight," Barnett said. brid company and the earnings of the company have always come primarily from long-distance," he said. Analysts said that the company's hardware and equipment business has long been an area of sluggish growth, but that it has improved somewhat in recent years.

"They have been trying to turn that around for the last several years, and they have made progress," said David Boczar, an analyst at New Japan Securities. "I'm not terribly concerned." "All this suggests to me is a temporary profit margin squeeze, with a reversal over the next six months," said Stuart Crane, who follows for the investment firm Gruntal Co. "The fundamentals of are strong," he said. "I don't agree with throwing out the stock." Stock prices in general have been volatile in recent days as investors have become concerned that widely forecast earnings strength may not materialize when companies begin reporting second-quarter results. Tanenbaum said the company remains committed to achieving its previously stated goal of a 10 to 12 percent earnings increase for 1990.

He said the company will continue to take actions to increase revenues and reduce costs. one location, Gillespie said. Kelley said Helene Curtis is leasing space in the Merchandise Mart to accommodate expansion of its headquarters operations. The cosmetics firm has its headquarters at 325 N. Wells St.

Kelley noted that three current office tenants within the Mart Centerradio station WKQX-FM, the advertising firm of HCF LoisGGK and the Merchandise National Bank recently renewed their leases. George Lazarus On marketing jtv is on vacation Lightweights Feature 'New Cellular One service required for 120 days or add $300 to phone price. MUTHOnittO SM.C I Sf AVICI CCHttR CELLULAR ONE NORTHFIELD (708)441-5200 1650 Willow (-Jblk olbdens) Northftetd Hours: Wed 8 30 am pm Sal: 8 30 am 2 00 pm ASK US ABOUT 'Feature Paks 'Corporate Rates The One Club We also sell pre-owned Cellular Phonos New York Chicago Boston Dallas Los Angeles Miami San Francisco 1990 Telerale Systems Incorporated All Rights Reserved. NOTICE OF REDEMPTION THE PORT OF NEW YORK AUTHORITY NOTICE OF REDEMPTION AMU tNMTlflM for National Telephone Telesphere Communications Inc. said negotiations are on schedule to arrange financing of its definitive pact to acquire National Telephone Services Inc.

of Rockville, Md. Proposal letters have been signed with two unnamed financial institutions. The planned closing date remains August. Mitsui to invest $200 million in Unisys Unisys Corp. said Mitsui Co.

of Japan, will buy $150 million worth of Unisys convertible preferred stock and lend the computer maker $50 million. The agreement benefits both companies because Mitsui strengthens its ties with its joint marketing programs, and the $200 million goes into Unisys' funds for general purposes, Unisys said. Koito claims proxy victory over Pickens Japan's Koito Manufacturing Co. said it won an overwhelming victory in a proxy war with Texas investor T. Boone Pickens, who has been fighting for more than a year for seats on its board.

Pickens, the largest shareholder with a 26.4 percent stake through his Boone plans to seek four seats and bigger dividends when the auto parts maker holds its annual shareholders meeting Thursday. Koito said that of the 73.6 percent of shares not held by Pickens, Koito had received proxies representing 83 percent and Pickens 2 percent, while 15 percent were still apparently undecided. Hefty severance package for ex-Shearson exec Peter A. Cohen, who was ousted as chairman of Shearson Lehman Hutton Inc. earlier this year, will receive a severance package worth about $10 million, individuals familiar with the pact said.

Cohen was ousted by American Express chairman, James D. Robinson III, as part of an overhaul designed to stem mounting losses and morale problems. South Korea vigorous in counterfeit denial South Korea has vigorously denied charges from makers of designer goods that Seoul isn't fighting hard enough against counterfeiting. Trademark specialists for designers like Chanel S.A. and Nina Ricci S.A.

joined Union des Fabricants, which works to protect trademarks and patents internationally, in accusing South Korea of being the world's top faker. "South Korea is the largest manufacturer of fakes in the world This place is a haven for counterfeiters," said Philippe Boutron, trademark specialist for Louis Vuit-ton S.A. 'Cocktails for Two' sold to Heublein Schenley Industries Inc. of Dallas sold its "Cocktails for Two" prepared drinks trademarks to Heublein Inc. of Farmington, Conn.

Schenley Industries Inc. is an affiliate of United Distillers, the spirits company of Guinness PLC of London. Heublein is a unit of International Distillers and Vintners, the wine and spirits division of Grand Metropolitan PLC of London. is a Heavvweiaht in Durability 8.20 Consolidated Bonds, Forty-second Series, Due 201 1 Dated: July 1 1976 Due: July 1 5, 201 1 NOTICE IS HEREBY GIVEN that The Port Authority of New York and New Jersey (hereinafter called the Authority), will redeem on July IS, 1990, at a price of 102 of face value, plus accrued interest to the date fixed for redemption, $1,000,000 face value of 8.20 Consolidated Bonds, Forty-second Series, Due 2011, which have been drawn by lot for redemption, pursuant to Section 5 of the resolution adopted by the Authority on May 13, 1976, establishing said Series of bonds. Drawn by lot for redemption as aforesaid are the following: Bonds of the Denomination of $5,000, bearing the following numbers, all prefaced by By Stanley Ziemba The Merchandise Mart is filling up again after three of its major tenants moved out and left about half of the office space empty.

Mart officials announced Wednesday that Illinois Bell has leased 142,000 square feet of office space in the Apparel Center of the Mart complex and will relocate its employee training facilities from Hinsdale and 318 W. Adams St. to the office-showroom center early next year. Officials of Merchandise Mart Properties managers of the complex, also announced that Helene Curtis Inc. has leased 18,000 square feet of Mart office space and that another firm, which has yet to make its lease public, has taken another 40,000 square feet of offices.

The three leases, totaling 200,000 square feet, should eliminate any concern that the real estate industry here might have had about the Mart's viability as an office center due to the recent losses of some of the Mart's long-time, major tenants, said Philip E. Kelley, president of Mart Properties. The two-block-long, 24-story Merchandise Mart, built in 1929 and located along the north bank of the Chicago River between Wells and Orleans Streets, is considered the world's largest commercial building. The adjoining Apparel Center, which opened in 1977, contains 2 million square feet of office and showroom space. The entire complex contains 8 million square feet.

"Following the recent departure from the Mart of NBC, World Book Inc. and the Quaker Oats the impression among some in the real estate business was that the Merchandise Mart was getting out of the office leasing business, Kelley said. "Nothing could be farther from the truth. We have reduced the amount of square footage devoted to offices, but we still have 900,000 square feet of space committed to office usage. That's as much space as is available in most of the major office buildings downtown today." Kelley said that as a result of the three recent new leases, about half of the 500,000 square feet of office space that was vacated by NBC, World Book and Quaker, has now been leased.

The center also is in the midst of a $150 million renovation, which will include creation or an 85-store, street-level shopping center. Illinois Bell's space, to be on the EQUIPMENT FINANCING No Financial, required undtr 136,000. Wt tlnsnce my quIpmtnt-Any Manufacturer. New or UmI Fixed Rate Long Term 100 Financing-No Down Payment (800) 342.2930 8 hr. battery 1 hr.

talk time Desktop charger rechargeable battery 5 function timer 99 number storage Function menu Multiple system nam Much, much more 240 2485 4355 881 2494 4447 916 2545 4575 1057 2758 4711 1143 3019 4756 1181 3171 4780 1188 3240 4816 1683 3508 4820 1703 3647 5124 5149 5249 5254 5291 5300 5324 5461 5565 5673 5707 6963 5798 7255 6281 7290 6311 7445 6372 7520 6647 7658 6703 7898 6813 7967 6846 8053 8777 8927 9031 9067 9299 9813 9865 9930 10111 10122 10141 10196 10347 10598 10923 10940 10942 11052 11210 11923 11218 12101 11259 12176 11452 12294 11534 12404 11553 12406 12989 14424 13075 14505 13341 14654 14011 14889 14081 14985 14113 15132 14250 15189 14337 15677 14363 15949 11592 11725 11855 12586 12622 12861 16279 18077 19140 16395 18180 19157 16720 18252 16848 18253 170U8 18335 17130 18555 17424 18670 17792 18859 18027 18963 $5,000 Units of Face Value Represented by Registered Bonds bearing the following numbers, all prefaced by 676 676 676 676 676 676 676 698 698 698 732 732 733 733 733 733 745 745 745 750 750 750 753 771 774 774 782 792 8O0 800 722 730 732 732 1 801 801 90 90 123 123 123 123 154 158 348 388 499 499 516 516 591 646 648 648 648 648 648 648 648 648 648 648 659 659 676 676 676 676 676 676 676 Audiovox PT-300 Portable Cellular Phone Holders of bonds of the denomination of $5,000 must do the following in order to redeem: Present and surrender said numbered bonds of the denomination of $5,000 with all unmatured interest coupons (if any) attached, on or after July 15, 1990, at the municipal bond paying department of Citibank, N.A., the Paying Agent for said bonds, 20 Exchange Place, 17th Floor, New York, N.Y. 10043. The July 15, 1990 coupon, together with all other unpaid coupons due prior to the redemption date, should be presented for payment in the usual manner. Bondholders holding any $5,000 unit or units of face value represented by registered bonds of a denomination greater than $5,000 must do the following in order to redeem: 1. Present and surrender at any time any bond of a denomination greater than $5,000 representing any $5,000 unit or units of face value hereby called for redemption at the municipal bond paying department of Citibank, N.A., the Registrar for said bonds, 20 Exchange Place, 17th Floor, New York, N.Y.

10043. The Registrar shall deliver, without charge to the holder thereof, bonds of smaller denominations in exchange or substitution therefor, including new bonds of $5,000 each bearing numbers corresponding to the numbers of the $5,000 units of face value hereby called for redemption, all as provided in the aforesaid resolution of the Authority adopted May 1 3, 1976. 2. Present and surrender the substituted new bonds bearing the numbers called for LEADER COMMUNICATIONS redemption, on or after July 15, 1990, at the municipal bond paying department of Citibank, N.A., the Paying Agent for said bonds, 20 Exchange Place, 17th Floor, New ELMHURST WEST SUBURBS (708) 544-3000 (708)530-4900 522 W. Lake LI3ERTYVILLE CHICAGO (708)816-6200 1082 E.

PARK (ImileW onRle. 178 nexl to John Deere) (312)642-7800 222 W.Ohio Hours: M-F: 8:30 am 5:00 pm YOrK, IN.Y. 1UUJ. On July 15, 1990, the bonds of the denomination of $5,000 hereby called for redemption shall become due and payable and the bonds of a denomination greater than $5,000 shall become due and payable to the extent of the $5,000 unit or units of face value included therein that are hereby called for redemption, and interest on said bonds of the denomination of $5,000 and on said $5,000 units of face value shall cease to accrue from and after July 15, 1990. THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY RICHARD C.

LEONE Dated: June 7, 1990 Chairman.